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Dec 27, 2012
12/12
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. >> government reports on the labour and housing markets, a consumer confidence and manufacture more do throughout the day. >> in bay area headlines the woman accused of killing a grandmother in a drug driving accident at the twin peaks without this matter first court appearance. >> off 23 your old goina eunice is accused of hit and run, trucking driving and vehicular manslaughter. >> the accident occurred three people and killed 56 year-old yuee yao who was here visiting her new grandchild for china. >> the judge said eunices bail at $2 million. if she goes bill she was wearing scram device that check to make sure she does not drink alcohol does not allow to dry. >> surely that in court for rain in the december 31st. >> let us take a live look at the approach to the bay bridge. no one is very had very quiet. vacations continue for a lot of people in the bay area. pretty much no one has schools of traffic is lighter. it is 41 degrees and concord. looking for a high of 52 to >> here is your 7 day around the bay extended forecast. there is rain in the forecast for saturday. we do have
. >> government reports on the labour and housing markets, a consumer confidence and manufacture more do throughout the day. >> in bay area headlines the woman accused of killing a grandmother in a drug driving accident at the twin peaks without this matter first court appearance. >> off 23 your old goina eunice is accused of hit and run, trucking driving and vehicular manslaughter. >> the accident occurred three people and killed 56 year-old yuee yao who was here...
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Dec 27, 2012
12/12
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KICU
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. >>> a south african government spokesperson tonight said former president nelson mandela was released from the hospital this morning. the 94-year-old was sent to the hospital 18 days ago. he was treated for a lung infection and had gull stone surgery. >>> on january 21, president barack obama will be sworn in for his second four year term. however, washington, d.c. officials are expecting much smaller crowds this time around. in 2008, a record 1.8 million visitors made their way to the capitol to participate in inauguration festivities. d.c. officials expect about 800,000 visitors for this inauguration. >>> a surprise christmas delivery. meet the south bay father who had to >>> stockings hung, decorations on the wall, and christmas dinner on the table, when a san jose family received a surprise gift last night. it was dad, not santa delivering this tiny christmas package. >> reporter: it was a gift, they were not expecting this christmas. baby conner. >> i was thinking mid-january. i guess he had his own will. >> reporter: the trouble wasn't that he was early, it was that he was fast.
. >>> a south african government spokesperson tonight said former president nelson mandela was released from the hospital this morning. the 94-year-old was sent to the hospital 18 days ago. he was treated for a lung infection and had gull stone surgery. >>> on january 21, president barack obama will be sworn in for his second four year term. however, washington, d.c. officials are expecting much smaller crowds this time around. in 2008, a record 1.8 million visitors made their...
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Dec 27, 2012
12/12
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KTVU
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eye 324
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. >>> a south african government spokesperson tonight said former president nelson mandela was released from the hospital this morning. the 94-year-old was sent to the hospital 18 days ago. he was treated for a lung infection and had gull stone surgery. >>> on january 21, president barack obama will be sworn in for his second four year term. however, washington, d.c. officials are expecting much smaller crowds this time around. in 2008, a record 1.8 million visitors made their way to the capitol to participate in inauguration festivities. d.c. officials expect about 800,000 visitors for this inauguration. >>> a surprise christmas delivery. meet the south bay father who had to jump into action when his baby arrived a lot sooner than expected. >> when we can expect the next round of rain. >>> stockings hung, decorations on the wall, and christmas dinner on the table, when a san jose family received a surprise gift last night. it was dad, not santa delivering this tiny christmas package. >> reporter: it was a gift, they were not expecting this christmas. baby conner. >> i was thinking mid-
. >>> a south african government spokesperson tonight said former president nelson mandela was released from the hospital this morning. the 94-year-old was sent to the hospital 18 days ago. he was treated for a lung infection and had gull stone surgery. >>> on january 21, president barack obama will be sworn in for his second four year term. however, washington, d.c. officials are expecting much smaller crowds this time around. in 2008, a record 1.8 million visitors made their...
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Dec 27, 2012
12/12
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KRON
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and what kind of role government having a live. >> #1 is the fiscal cliff. lawmakers start coming to the not bother to pay any attention to it until after the election. had they put politics aside and dealt with the earlier who knows how strong the u.s. economy would be right now. >> 9 4:01 a.m. we will be back with more in a couple of minutes. less than a live look outside. sunshine never were including marijuana of crete. seven on 680 is nice in light. >> we are here from 4 to 10. at 10:00 is dr. field every day here on the kron 4 station on the kron 4 morning lows. we are followed by dr. philip welcome back to the kron 4 morning news. >> the country is inching closer to the falling of the so-called fiscal cliff. a series of tax hikes and spending cuts to take effect in five days. >> house and senate members are expected to reconvene today as well. without a budget agreement, automatic tax increase for everyone in the spending cuts will be triggered and the new year. >> taxes go up if congress does not act. >> former president a w. bush sr. is in intensive
and what kind of role government having a live. >> #1 is the fiscal cliff. lawmakers start coming to the not bother to pay any attention to it until after the election. had they put politics aside and dealt with the earlier who knows how strong the u.s. economy would be right now. >> 9 4:01 a.m. we will be back with more in a couple of minutes. less than a live look outside. sunshine never were including marijuana of crete. seven on 680 is nice in light. >> we are here from 4...
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Dec 27, 2012
12/12
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KOFY
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eye 182
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. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe taxes will go up next year. >> one of the things that is being floated right now is people are advising people to get out of dividend paying funds, high dividend yield funds and move more into tax exempt bonds and things like that that won't be taxed. >> reporter: the current budget negotiations between president obama and house speaker john boehner also could mean the re
. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows...
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Dec 27, 2012
12/12
by
LINKTV
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eye 85
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the government enjoys air superiority and is using it without reserve. but these rebel fighters are already getting ready for a full series. they are training for the creation of a future syrian army. >> after liberating several areas, our thinking is that it shifted the for the syrian national army. our main goal is to topple the regime of, but we need to find an alternative to a takeover. >> organized and eager. they have inherited a lot. >> thousands of people have taken to the streets for the third time this week, protesting a number of arrests, targeting city officials. >> thousands have taken -- the ministers bodyguards are arrested, accusing the government of being sectarian. >> this crowd is not political or sectarian, but represents everyone became for the marginal elevation. when we say the injustices happen, it doesn't mean we want to take the country to a civil war. >> the governor of the prime minister has denied allegations of adopting sectarian policies. >> this is an effort to return the sectarian divide after they lost voters and the con
the government enjoys air superiority and is using it without reserve. but these rebel fighters are already getting ready for a full series. they are training for the creation of a future syrian army. >> after liberating several areas, our thinking is that it shifted the for the syrian national army. our main goal is to topple the regime of, but we need to find an alternative to a takeover. >> organized and eager. they have inherited a lot. >> thousands of people have taken to...
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Dec 28, 2012
12/12
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KRON
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eye 202
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. >> the state medical examiner would do a complete analysis of government-that the gunman as dna. they're not looking for anything specific in the analysis and it is on likely they will find genetic clue into lanes as motive behind the shooting. >> genetics said they're genetic component to mental illness but there are many genes involved, not just a single gene or mutation. results of the dna analysis are not expected for several weeks. >> here is a live look outside at this and tell bridge coming up on kron 4 morning news a new addition to the oakland police department to help reduce crime and we will tell you governor brown is appointed to bay area superior court next. welcome back. the timing is 4:30. . we're taking a look from mount tam. >> we could possibly see a storm bring rain. erica has the latest on our forecast. the models or potentially making a change on that. >> good morning anny. would this still see light rain for sonoma county. potentially the coastline as well. it is certainly possible that some of our east bay interior valleys will not see any rain. we do have
. >> the state medical examiner would do a complete analysis of government-that the gunman as dna. they're not looking for anything specific in the analysis and it is on likely they will find genetic clue into lanes as motive behind the shooting. >> genetics said they're genetic component to mental illness but there are many genes involved, not just a single gene or mutation. results of the dna analysis are not expected for several weeks. >> here is a live look outside at this...
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Dec 27, 2012
12/12
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KTVU
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the government approved the proposed ban in response to a law calling for sanctions against russians who have violated human rights. >>> more information now on the release of 1200 secret files disclosing sexual abuse in the boy scouts. the times published the database of the alleged abusers online after a judge ordered them handed over. we talked to one of the victims josh solomon and he brought his boy scout uniform he wore when he was 12. he said the scout master for his group molested him during camping trips in 82 and 83. >> 30s, veteran, nobody wants to admit they were powerless to stop something like this from happening. >> his abuser served time in prison on molestation charges. we contacted the boy scouts, they apologized to the victims and families saying its response to certainly cases were insufficient, inappropriate or wrong. >> we are kind of getting a break from the rain but you may want to keep umbrella handy. >> and stanford fans counting down the days until the rose bowl. >> here is a look at the bay bridge toll plaza. no traffic but a couple of hot spots with you c
the government approved the proposed ban in response to a law calling for sanctions against russians who have violated human rights. >>> more information now on the release of 1200 secret files disclosing sexual abuse in the boy scouts. the times published the database of the alleged abusers online after a judge ordered them handed over. we talked to one of the victims josh solomon and he brought his boy scout uniform he wore when he was 12. he said the scout master for his group...
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Dec 27, 2012
12/12
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KRON
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widespread tax increases and automatic government spending cuts will kick in next week. both sides are due back by thursday and have vowed to make a final attempt. stay with us. another check of the forecast. after the break. a puppy stolen from th hey, dad. i love boleros. share what moves you. go, go, go-- yes ! you've got to get one of these. share a great performance. what are you doing ? this tools app is awesome. share the perfect plan. that is awesome. i'm gonna be right back. share everything. this holiday, get verizon's share everything plan. unlimited talk, text, and shareable data across your family's devices. all in one plan. get a spectrum 2 by lg for $49.99 >> and a pop be stolen puppy--- oregon humane society is now home with his rightful owners. chris woodward tells us how social media may have played a role in his return. >> back in the arms, there's no idea what he has been true. >> i was excited. >> moments, they got to be able to see him for the first time since he was stolen. >> he is and my arms again. >> they were here to adopt >> they said that he
widespread tax increases and automatic government spending cuts will kick in next week. both sides are due back by thursday and have vowed to make a final attempt. stay with us. another check of the forecast. after the break. a puppy stolen from th hey, dad. i love boleros. share what moves you. go, go, go-- yes ! you've got to get one of these. share a great performance. what are you doing ? this tools app is awesome. share the perfect plan. that is awesome. i'm gonna be right back. share...
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Dec 30, 2012
12/12
by
WJLA
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eye 299
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. >> this weekend, government issued the's are arriving at the capitol signal talks are still going on, but the americans are getting impatient. >> sit down, get in a room, and don't come out until you get this taken care of. >> right now, harry reid and mitch mcconnell are working on a so-called mini deal to prevent a tax increase for roughly 98% of american workers, extending unemployment benefits to nearly 2 million people, preventing cuts to medicare doctors. >> whenever we come up with will be in perfect. >> it comes up with president obama calls the bare minimum addressing tax cuts without doing anything to curb spending. >> we will get at best a patch and be here again in two months. congress cannot get out of its own way. >> average family would pay an extra $3,400 next year. >> the law says that every american's tax rates are going up. every american's paycheck will its mother. if that the impasse has shaken wall street, -- the impasse has shaken wall street. >> i think the likelihood is we go over the fiscal cliff. >> jim moran is wondering if partisan politics has destroyed
. >> this weekend, government issued the's are arriving at the capitol signal talks are still going on, but the americans are getting impatient. >> sit down, get in a room, and don't come out until you get this taken care of. >> right now, harry reid and mitch mcconnell are working on a so-called mini deal to prevent a tax increase for roughly 98% of american workers, extending unemployment benefits to nearly 2 million people, preventing cuts to medicare doctors. >>...
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Dec 29, 2012
12/12
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WJLA
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eye 92
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he plays for a private school, not governed by florida high school athletic association rules. his dad is the coach, and crazy as it is, the kid can flat out and play. there may be a little hockey after all. the nhl has upped its offer to the players association for the first time in a month. they have been steadfast at keeping players contracts to five years. they have upped it to 6, 7 if you own a player. the ready to go. the nhl may be going back to work. >> show me that video again. is it not unbelievable? >> if he played here, he would be five rows up. she got an ipod for christmas but that is not >> a virginia woman got an unwelcome who surprise. instead of an ipad, a box full of notepads. she took the box back to walmart and after arm-twisting got a new ipad. there have apparently been other switches acros >> first snowflakes beginning to show up in the mountains of west virginia by tomorrow morning. light snow, spreads in on us. the dreaded winter remix. -- wintery mix.
he plays for a private school, not governed by florida high school athletic association rules. his dad is the coach, and crazy as it is, the kid can flat out and play. there may be a little hockey after all. the nhl has upped its offer to the players association for the first time in a month. they have been steadfast at keeping players contracts to five years. they have upped it to 6, 7 if you own a player. the ready to go. the nhl may be going back to work. >> show me that video again....
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Dec 26, 2012
12/12
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KCSM
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all eyes are on whether the government will cut pension payments. japan also plans to double consumption tax to 10% by october 2015. but the international monetary fund says a minimum of 15% is needed for full fiscal rehabilitation. the new government says it will first tackle economic recovery and plans to draft an extra budget for the current fiscal year. >>> populous, prosperous, pushing ahead. china's rise brought it wealth, power, and problems. an income gap divides its people. pollution threatens their health. and disputes at sea strains relations with its neighbors. find out the challenges china faces, on "newsline." >>> traffic in china is said to be more of a free-for-all than an orderly procession. motorists often ignore other motorists and pedestrians too, and the pedestrians also play fast and loose with the rules. one result, lots of accidents. so authorities are taking action. nhk world's takafumi terui has the report. >> reporter: red lights don't stop these pedestrians. and crossings, who needs them? as for drivers, when they change
all eyes are on whether the government will cut pension payments. japan also plans to double consumption tax to 10% by october 2015. but the international monetary fund says a minimum of 15% is needed for full fiscal rehabilitation. the new government says it will first tackle economic recovery and plans to draft an extra budget for the current fiscal year. >>> populous, prosperous, pushing ahead. china's rise brought it wealth, power, and problems. an income gap divides its people....
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Dec 27, 2012
12/12
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KQED
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. >> he also defected from the bashar al-assad government. before that he held several high-ranking posts including the ambassador to sweden. i asked him how significant it is. >> it is very significant because one of the highest- ranking officers that have affected so far, and this man is the head of the military police and he must know a lot of things that have been going on by the army, invading the cities and killing civilians and bombarding the area with chemical weapons. he has said homs was bombed with chemical weapons. this is his statement. i think he was in a position to do this because you have all the reports coming to him. >> is it really that significant given that bashar al-assad still can count the military in multiples of tens of thousands? he is getting help from the russians, the iranians, and also has fallen out of lebanon. he looks pretty secure and appears to be acting with impunity. >> you are right. we cannot forget the fact this person has a lot of information about the use of prohibited weapons, especially this thing
. >> he also defected from the bashar al-assad government. before that he held several high-ranking posts including the ambassador to sweden. i asked him how significant it is. >> it is very significant because one of the highest- ranking officers that have affected so far, and this man is the head of the military police and he must know a lot of things that have been going on by the army, invading the cities and killing civilians and bombarding the area with chemical weapons. he...
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Dec 29, 2012
12/12
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KQED
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all these governments have debt and there's only one way to pay it back and it's to devalue their own currency. and it's a race to the bottom. >> reporter: there are other factors that could also help support gold prices. central banks worldwide have been boosting their gold holdings to diversify their portfolios, and protect against inflation. this year, central banks bought roughly 500 metric tons of gold, up 8% from last year. in addition, many small investors are buying gold as a safehaven from global instability. >> political certainty is a major driving factor. it is not just here. but, in the western europe, and in the far east. and, in china. >> reporter: strong demand for gold exchange traded funds has also helped support prices. the spider gold trust-- ticker gld-- has $75 billion in assets. and it's is backed by physical gold. it also helps that some hedge funds with bylaws prohibiting them from buying futures, can buy gold e.t.f.'s. >> so there are some people that were restricted before. they're not now, and that's supportive of the gold. >> reporter: a gold rally is not
all these governments have debt and there's only one way to pay it back and it's to devalue their own currency. and it's a race to the bottom. >> reporter: there are other factors that could also help support gold prices. central banks worldwide have been boosting their gold holdings to diversify their portfolios, and protect against inflation. this year, central banks bought roughly 500 metric tons of gold, up 8% from last year. in addition, many small investors are buying gold as a...
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Dec 25, 2012
12/12
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KGO
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if the president and congress can't agree, government spending cuts and tax hikes will kick in automatically. market watchers feel it could push the competent back into recession. >> carolyn: instapgram has triggered a class action lawsuit. the claim was filed against facebook that owns the service. infagram that changed its terms of service. idea was abandoned after an outcry from users. lawsuit alleged they breached the contract with users in tweak that go policy. facebook has not responded to the suit. >> dan: a new requirement that forces california lawmakers to drive their own cars for legislative business is paying off. they report the state has saved $240,000, n taxpayer money since the new rule went into effect one year ago. california lawmakers were given a car paid by the state. this year that practice ended. they must drive their own cars, the savings was achieved because many legislators cut their driving habits in half. >> carolyn: big television screens are, of course, the rage these days. if you have ever tried to move one. this is truly a job that needs a lot of muscle and a
if the president and congress can't agree, government spending cuts and tax hikes will kick in automatically. market watchers feel it could push the competent back into recession. >> carolyn: instapgram has triggered a class action lawsuit. the claim was filed against facebook that owns the service. infagram that changed its terms of service. idea was abandoned after an outcry from users. lawsuit alleged they breached the contract with users in tweak that go policy. facebook has not...
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Dec 29, 2012
12/12
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WJLA
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. >> we have a crisis of self government right now. >> if an agreement is reached it would be with the president calls a bare minimum keeping unemployment benefits for about 2 million americans in place. tough issues like spending cuts will not be tackled until next year. the next 24 hours will be crucial. richard reeve, abc 7 news. >> we have an update on former president george h. w. bush. the 88-year-old was moved out of intensive care at a houston hospital. they say that his condition continues to will improve and the family thanks everyone for their prayers and good thoughts. president bush has been in the hospital since late november for a cough. >> a deadly plane crash in russia tonight. what investigators believe happened. >> following developing news from russia, where a passenger plane has crashed as it as it attempted to land in moscow. 4 people of the eight who were on board were killed, 4 others seriously injured. and the the woman who was gang raped in india at two weeks ago has died. the police in new delhi are urging people to stay calm. there have already been riots an
. >> we have a crisis of self government right now. >> if an agreement is reached it would be with the president calls a bare minimum keeping unemployment benefits for about 2 million americans in place. tough issues like spending cuts will not be tackled until next year. the next 24 hours will be crucial. richard reeve, abc 7 news. >> we have an update on former president george h. w. bush. the 88-year-old was moved out of intensive care at a houston hospital. they say that...
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87
Dec 29, 2012
12/12
by
WJZ
tv
eye 87
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all these governments have debt and there's only one way to pay it back and it's to devalue their own currency. and it's a race to the bottom. >> reporter: there are other factors that could also help support gold prices. central banks worldwide have been boosting their gold holdings to diversify their portfolios, and protect against inflation. this year, central banks bought roughly 500 metric tons of gold, up 8% from last year. in addition, many small investors are buying gold as a safehaven from global instability. >> political certainty is a major driving factor. it is not just here. but, in the western europe, and in the far east. and, in china. >> reporter: strong demand for gold exchange traded funds has also helped support prices. the spider gold trust-- ticker gld-- has $75 billion in assets. and it's is backed by physical gold. it also helps that some hedge funds with bylaws prohibiting them from buying futures, can buy gold e.t.f.'s. >> so there are some people that were restricted before. they're not now and that's supportive of the gold. >> reporter: a gold rally is not a
all these governments have debt and there's only one way to pay it back and it's to devalue their own currency. and it's a race to the bottom. >> reporter: there are other factors that could also help support gold prices. central banks worldwide have been boosting their gold holdings to diversify their portfolios, and protect against inflation. this year, central banks bought roughly 500 metric tons of gold, up 8% from last year. in addition, many small investors are buying gold as a...
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Dec 27, 2012
12/12
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CNNW
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eye 232
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>> i believed the government. >> 7,000 miles later on the day after christmas. she said she was pulling into a parking spot when take a listen. the car lerched forward and hit the cement wall in front of us. she strained ligaments in her foot causing massive swelling. >> and you won't drive this again? >> i will not. >> toyota has never concede d that there was a problem. but drew found a document that showed in one instance that a problem was discovered. toyota says this has nothing to do with unintended problems. drew first a big question. >> from the beginning the company maintained it doesn't have a problem. certainly nothing wrong with the system. the company said it was three things. operator error as they said was tanya's case. she stepped on the gas instead of the break. >> here is what the officer said in a statement today. this was a difficult decision especially since evaluations have confirmed the safety of the si systems. >> so it is a way that the company says we are going to put it behind us and keep the secrets out of the court. >> all right drew
>> i believed the government. >> 7,000 miles later on the day after christmas. she said she was pulling into a parking spot when take a listen. the car lerched forward and hit the cement wall in front of us. she strained ligaments in her foot causing massive swelling. >> and you won't drive this again? >> i will not. >> toyota has never concede d that there was a problem. but drew found a document that showed in one instance that a problem was discovered. toyota...
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204
Dec 27, 2012
12/12
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KPIX
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eye 204
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defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid 2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1. that's because the irs and other agencies didn't expect it to come to this. so it could be a few weeks before workers see more money being withheld in their paychecks. cbs news in hawaii. >>> former president george h.w. bush is in intensive care at a hospital in houston. a fever that kept mr. bush in the hospital over christmas has apparently gotten worse. doctors have him on a liquid- only diet. a bush family spokesperson says the 88-year-old was alert, joking with doctors, but had yet to respond to fever- reducing medication. a bronchitis cough initially sent him to the hospital in november. >>> a cash payout coming to millions of toyota drivers. >>> right away, i thought, a card from an angel. >> lost and found. a thrift store discovery that
defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid 2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1. that's because the irs and other agencies didn't expect it to come to this. so it could be a few weeks before workers see more money being...
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150
Dec 22, 2012
12/12
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FBC
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eye 150
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i think we allould agree we needless government. the government is totally inefficient. if it were a business it would be bankrupt. listen certainly businesses alone want to see smaller government. i hate to spike the party eggnog that the president referenced but i'll tell you what, this isn't a tax issue. if you raise taxes on the 250 and above, that will run the government for what, 25, 30 days. the problem is entitlement spending. he doesn't bring it up. he doesn't want to talk about it. there is no way this will pass the house anyway. melissa: scott, i mean, so what does that meanyou? raise taxes. we're still going to mo on in america. we're still going to get out there and try to make money. we're still going to do our thing. we'll still try to make a better future for our kids in spite of what is going on, even if we don't belve in bigger government. what do you do first? first thing r the new year looking out into the horon the way things stand? >> probably havextra drink. melissa, you're right. things don't stop on january 2nd. you make a really good poin factor
i think we allould agree we needless government. the government is totally inefficient. if it were a business it would be bankrupt. listen certainly businesses alone want to see smaller government. i hate to spike the party eggnog that the president referenced but i'll tell you what, this isn't a tax issue. if you raise taxes on the 250 and above, that will run the government for what, 25, 30 days. the problem is entitlement spending. he doesn't bring it up. he doesn't want to talk about it....
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188
Dec 28, 2012
12/12
by
KTVU
tv
eye 188
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government with 31,000 jobs lost. what's going on here? and which stocks do you buy? does it help? > > go ahead. > > andrew's philosophy is - and i am going to speak for him - that he thinks it's a cost- cutting measure and it's good for the stock- > > of course. any time you cut costs, you cut jobs, the stock goes up. look at bank of america. the second thing- > > j.c. penney- > > j.c. penney?! they're going to zero. > > exactly! so that is not going to help their game. > > they have a bad business model. that is why they're going out of the game. > > i believe it is going to help one stock: hewlett-packard. it's a stock that- > > hewlett-packard?! > > -long been forgotten about- > > put it in the basket with dell, j.c. penney- > > put it in the basket with rim and yahoo, which have had big, big jumps. it has value, it's a name, it just needs to reinvent itself- > > what's their product they sell? > round 3) the fiscal fiasco - is this fiscal cliff a real issue for the market jan 1st? > > no. the answer is no. the market doesn't care. this is the most widely talked-about- > > why
government with 31,000 jobs lost. what's going on here? and which stocks do you buy? does it help? > > go ahead. > > andrew's philosophy is - and i am going to speak for him - that he thinks it's a cost- cutting measure and it's good for the stock- > > of course. any time you cut costs, you cut jobs, the stock goes up. look at bank of america. the second thing- > > j.c. penney- > > j.c. penney?! they're going to zero. > > exactly! so that is not going to help...
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Dec 27, 2012
12/12
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the rate sparked widespread protests and a government panel will be assembled to look into crime and suggest ways to improve women's safety. >> south africa's president see it says former president nelson mandela has a release from the hospital. the 94 year old had been in the hospital since the beginning of this month. he was diagnosed with lung infection and also had a surgery to remove gall stones. a presidential spokesman says mandela or receive more medical care at his johannesburg, until he fully recovers. newtown connecticut officials are asking the public to stop sending gifts which the small town is struggling to manage. since the slaying of 20 students and six faculty members nearly two weeks ago the town has been the loser would guess from tens of thousands of teddy bears, barbie dolls and soccer balls to flowers, art work and school supplies. officials say they would detail the best ways to help the community after the warehouse full of items are process. >> electronic board of the nasdaq on the right and the opening bell will ring in just a few moments. we have a better
the rate sparked widespread protests and a government panel will be assembled to look into crime and suggest ways to improve women's safety. >> south africa's president see it says former president nelson mandela has a release from the hospital. the 94 year old had been in the hospital since the beginning of this month. he was diagnosed with lung infection and also had a surgery to remove gall stones. a presidential spokesman says mandela or receive more medical care at his johannesburg,...
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Dec 22, 2012
12/12
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KRON
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without a deal, steep tax hikes and massive government spending cuts are set to kick in after january first. as the fiscal cliff countdown continues. house and senate members and president obama. have all recessed for the christmas holiday. >> the ninth circut court of appeals today blocked a california law which bans the controversial therapy. that aims to turn gay minors. straight. the three judge panel issued an emergency order, to put the law on hold until the court can hear further arguments. the law. which governor jerry brown signed in september, was set to take effect january first. it would make mental health professionals who engage in efforts to change a clients' sexual orientation. subject to discipline by state licensing boards. >> jacqueline: there rainfall continues with the center showers and more for the rest of the week. your complete forecast, coming up. >> coming up the warriors hosting the bobcats and will a justin smith miss his first game in 11 years? sports, coming up. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day yo
without a deal, steep tax hikes and massive government spending cuts are set to kick in after january first. as the fiscal cliff countdown continues. house and senate members and president obama. have all recessed for the christmas holiday. >> the ninth circut court of appeals today blocked a california law which bans the controversial therapy. that aims to turn gay minors. straight. the three judge panel issued an emergency order, to put the law on hold until the court can hear further...
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Dec 23, 2012
12/12
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KPIX
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by the way, the government is the biggest winner in the lottery. it keeps one third of the money collected. >> new plans to keep guns off the streets in san francisco. >> still to come, the type of ammunition targeted and the mayor's proposal. >> first, imagine having a tv that watches you. answering questions when it comes to the high-tech gadgets. an expert joining us live in the studio next. >> and the heaviest rainfall in right now. this morning we given up the possibility of gusty winds and thunderstorms throughout the day. what is your christmas weather forecast? we'll tell you coming up right after the break. ,,,,,,,,,,,, >> and here's a hype -- a live look. a moderate rain falling across the bay area. have yourselves moving across concord. 70 forecast coming up. ,,,,,,,, rain may flood bay area road ways.... plus - we may see thunderstorms this morning. th wenger i >> it's raining and we may see some thunderstorms later this morning. more details from elizabeth in a minute. >> more big area headlines. tomorrow the restaurant in texas was --
by the way, the government is the biggest winner in the lottery. it keeps one third of the money collected. >> new plans to keep guns off the streets in san francisco. >> still to come, the type of ammunition targeted and the mayor's proposal. >> first, imagine having a tv that watches you. answering questions when it comes to the high-tech gadgets. an expert joining us live in the studio next. >> and the heaviest rainfall in right now. this morning we given up the...
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Dec 27, 2012
12/12
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FOXNEWSW
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government is estimated to hit $16.4 trilli $16.4 trillion borrowing limit. in a letter to congress timothy geithner says he will take several accounting measures to start the new year that. will keep the gvtmeovernment from reaching the limit until a fiscal deal is reached and the economy can save off the debt. >> let's talk about toyota? >> owners of 60 million lexus and cars from 1998 to 2010 may be getting some cash. toyota has agreed to pay more than a billion dollars to settle a class action lawsuit. toyota will create a fund for retrofitting more than 3 million cars of technology that makes it easier for them to stop. in late 2009, all of 20010 due to lower resail value of the car. toyota has not admitteded any guilt on this topic. >> they get a big chunk of change and the car owners a little bit. >> for many passengers air travel is about finding the cheeps air fair. as airlines offer more and more add-ons from early boarding to premium seating to baggage fees that ability to comparison shop is pretty much impossible. the on-line ticketers like expedi
government is estimated to hit $16.4 trilli $16.4 trillion borrowing limit. in a letter to congress timothy geithner says he will take several accounting measures to start the new year that. will keep the gvtmeovernment from reaching the limit until a fiscal deal is reached and the economy can save off the debt. >> let's talk about toyota? >> owners of 60 million lexus and cars from 1998 to 2010 may be getting some cash. toyota has agreed to pay more than a billion dollars to settle...
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Dec 29, 2012
12/12
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. >> and american families stuck on limbo, as russian government suspends adoptions. >> and how tunnel helped reshape a city. >> a new high tech plan to fight drunk driving in california. why some are telling it it won't work tonight on ktvu channel 2 news at 6:00. you got this, right? i do got this. let us get everything off the shelf, and to your home. sofa... desk... you know what? why don't you go get some frozen yogurt. i got this. you're so sweet. you got this, right? i do got this. let us get everything off the shelf, and to your home. >>> we have breaking news to tell you about right now. this is a live picture from news chopper 2 as a boat is outlooking for two swimmers who are reported missing near the golden gate bridge. the word we have right now is that a caller called authorities to say that two swimmers were spotted near the north tower of the golden gate bridge. right now the coast guard is launching a search and rescue operation to try to locate the swimmers. right now we don't have any word that the swimmers have been spotted by rescuers but they are actively looking
. >> and american families stuck on limbo, as russian government suspends adoptions. >> and how tunnel helped reshape a city. >> a new high tech plan to fight drunk driving in california. why some are telling it it won't work tonight on ktvu channel 2 news at 6:00. you got this, right? i do got this. let us get everything off the shelf, and to your home. sofa... desk... you know what? why don't you go get some frozen yogurt. i got this. you're so sweet. you got this, right? i...
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Dec 27, 2012
12/12
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KTVU
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that number may be misleading because governments were closed and that means people could not file for benefits and may have decided to file this week. they have been off and it is just about 10 points this morning. certainly things were expected to be flat and we will keep an eye on the numbers for you. >>> what the town is showing them not to do. >>> and the latest on a payment dispute belonging to the late steve jobs. . >>> welcome back, a water-main break flooded several roads. water was turned off to nearly 400 homes and city officials rushed water to the residents. a sinkhole trapped a city bus and as you can see there the driver escaped unharmed. water service was restored last night. >>> a big rock slide closed a road and it took many drivers by surprise. cal train will open 8:00 amount m and 4:00 p.m. to let traffic through and there is still no word on when the road will fully open. >>> they are asking well wishers to hold off on sending gifts to the grieve stricken community of newtown connecticut. gifts have been pouring into the community from all over the world. officials
that number may be misleading because governments were closed and that means people could not file for benefits and may have decided to file this week. they have been off and it is just about 10 points this morning. certainly things were expected to be flat and we will keep an eye on the numbers for you. >>> what the town is showing them not to do. >>> and the latest on a payment dispute belonging to the late steve jobs. . >>> welcome back, a water-main break flooded...
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Dec 27, 2012
12/12
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CNNW
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a government spokesman says the former south african president is receiving treatment at his home. mandela is said to be resting and in good spirits. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were young. ♪ how much i love you [ humming ] [ female announcer ] children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. [ humming ] >>> we have this just in to cnn. you're looking live at air force one as it lands. just back from hawaii. the president had to cut short his vacation there. his holiday vacation so he could deal with the looming fiscal cliff. all eyes are
a government spokesman says the former south african president is receiving treatment at his home. mandela is said to be resting and in good spirits. bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes...
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Dec 30, 2012
12/12
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KPIX
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. >> the president's tax hike would only fund the government for 8 days. americans deserve to know what is the president proposing we do for the other 357 days of the year? >> reporter: both the house and the senate will be in session tomorrow. the senate is expected to take the lead and vote on the scaled back bill. then send it to the house. as many americans brace for the worst, patience is running out. >> they're playing games with people's lives. and i don't think that's correct. >> reporter: even if congress manages to break the gridlock in time, more trouble is just around the corner. when the u.s. reaches the debt limit again in a few weeks. tara mergener for cbs news, washington. >>> a new state law that goes into effect tuesday worries people concerned about distracted driving. the law will allow drivers to send text messages as long as they use technology that is fully voice operated and hands- free. supporters of the new law say it's better than having drivers type while driving but opponents say that hands-free texting still draws attention aw
. >> the president's tax hike would only fund the government for 8 days. americans deserve to know what is the president proposing we do for the other 357 days of the year? >> reporter: both the house and the senate will be in session tomorrow. the senate is expected to take the lead and vote on the scaled back bill. then send it to the house. as many americans brace for the worst, patience is running out. >> they're playing games with people's lives. and i don't think that's...
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Dec 27, 2012
12/12
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KTVU
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you'll be surprised where government officials are spending your money. >>> and call it an incentive plan. the unique program being considered by san francisco to save money on health care costs. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get u-verse tv for $29 a month for six months. rethink possible. >>> taxpayer money is paying salaries and bonuses to workers and elected officials who have been suspended and convicted of crimes. that's what our washington bureau reporter macfarlane found after digging into pub records >> reporter: he orchestrated an outrageously wasteful party in vegas on taxpayers dime. 800,000 spent on expensive food, entertainme
you'll be surprised where government officials are spending your money. >>> and call it an incentive plan. the unique program being considered by san francisco to save money on health care costs. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where...
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Dec 27, 2012
12/12
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MSNBCW
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so, that makes the government like the rest of us. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise isn't be reached by next week on those big, unanswered issues. with both sides locked in a standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts on incomes below $250,000, prolong unemployment benefits and delay those sweeping spending cuts. while many republicans oppose new taxes for anyone, senator kay bailey hutchison says she's looking for compromise, alluding to house speaker john boehner's plan "b" that was met with stiff opposition from his own party. >> i think $250,000 is too low a threshold. a lot of working people who are couples would exceed that, and i don't think we need that kind of shock to the system. however, i've talked to some of my democratic colleagues, and they are saying maybe in the $400,000 or $500,000 category we could set a benchmark. i do think it is essential t
so, that makes the government like the rest of us. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise isn't be reached by next week on those big, unanswered issues. with both sides locked in a standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts on incomes below $250,000, prolong unemployment benefits and delay those sweeping spending cuts. while...
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Dec 27, 2012
12/12
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WMAR
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treasury secretary tim geithner says tomorrow he'll begin talking about the steps to delay hitting the government's borrowing limit. that's also coming up. you got the $16 trillion limit on the december 31st. he'll use accounting measures to save. >> and antiapartheid icon nelson mandela was discharged from the hospital. he'll continue treatment at home. he was hospitalized for a lung infection. >> starbucks is getting into the fight over the fiscal cliff. they're now asking workers in all d.c. area stores to write the quote "come together" on the coffee cups they serve today and tomorrow. that company's ceo says it's the company's way of telling politicians they need to find common ground. >> hollywood has seen the number of movie tickets sold go up for the first time in three years. the industry rebounds ad there year -- rebounded this year. >> five days until the new year and they're getting ready for the countdown in times square. installation begins today for the crystal ball in the square. that ball is covered by 2700 waterford crystals and megan you said these have some significance. >> abso
treasury secretary tim geithner says tomorrow he'll begin talking about the steps to delay hitting the government's borrowing limit. that's also coming up. you got the $16 trillion limit on the december 31st. he'll use accounting measures to save. >> and antiapartheid icon nelson mandela was discharged from the hospital. he'll continue treatment at home. he was hospitalized for a lung infection. >> starbucks is getting into the fight over the fiscal cliff. they're now asking workers...
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Dec 28, 2012
12/12
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KPIX
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recently sued by the government following the death of five infants, the cpsc says its makers are unable or unwilling to issue a recall. so major retailers have now voluntarily recalled the product including amazon and baby bibs are us. home depot is recalling a mug. its silver handle is a fire hazard in the microwave. and think twice before packing away papyrus framed christmas ornament and trees with your decorations. mold spores have been discovered on the products posing serious health risks for some. other recalls include disney hoodies with lead paint in the zippers and lg washing machines that could cause injury or damage your home. for a full lives recalls and for a link to the check 'n go refund claim form head to cbssf.com/consumerwatch. >>> a waterfront villa in belvidere goes on the auction block this sunday. >> we have a starting price -- starting price -- $25 million! cbs 5 reporter don ford has a look at the luxuries state and what it takes to be the very first owner. >> reporter: it's one of the finest homes in the country. quite possibly one of the finest view homes in t
recently sued by the government following the death of five infants, the cpsc says its makers are unable or unwilling to issue a recall. so major retailers have now voluntarily recalled the product including amazon and baby bibs are us. home depot is recalling a mug. its silver handle is a fire hazard in the microwave. and think twice before packing away papyrus framed christmas ornament and trees with your decorations. mold spores have been discovered on the products posing serious health...
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Dec 28, 2012
12/12
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KRON
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police have not yet located the government. service was stopped last night for about 45 minutes as officers make sure that the shooter was not getting away on bart train. >> in nationals, and high- stakes meeting will be held in washington this afternoon as the nation edges closer to the fiscal cliff. president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. they have only four days to reach an agreement. the u.s. economy and make over the so-called fiscal cliff. reaching a deal before them will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are all watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. i told president i would be happy to look at what they're he promises but the truth is is that we are coming up against a hard deadline here and as i
police have not yet located the government. service was stopped last night for about 45 minutes as officers make sure that the shooter was not getting away on bart train. >> in nationals, and high- stakes meeting will be held in washington this afternoon as the nation edges closer to the fiscal cliff. president obama and top congressional leaders will look for common ground to keep automatic tax increases and spending cuts from kicking in. they have only four days to reach an agreement....
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Dec 27, 2012
12/12
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FBC
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will they put in a transitional government? >> whatever happens between now and half of 2013 anything would need to retrieve months to stabilize the country. the militia are not up for an agreement including assad. he is afraid of any agreement that they will take care about. at least the next 34 months we do not see an agreement unless russia will enforce the agreement. tracy: if we get involved is another show. iran. some days the regime is comical. >> three or four years we have claimed those sanctions are working but they are but not on the regime. they work on the people who are underdress. the regime has taken a van should stage -- advantage of the sanctions they have the leverage to syria supporting the assad regime and to love and on and destabilizing the arabian peninsula. they're doing a lot of expansion. tracy: you are so terrific t30. if it is going to be safer you answered no where close. please come back. >> happy new year. lori: the u.s. markets, not really. nothing new. the losses are getting worse 130 points on
will they put in a transitional government? >> whatever happens between now and half of 2013 anything would need to retrieve months to stabilize the country. the militia are not up for an agreement including assad. he is afraid of any agreement that they will take care about. at least the next 34 months we do not see an agreement unless russia will enforce the agreement. tracy: if we get involved is another show. iran. some days the regime is comical. >> three or four years we have...
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Dec 27, 2012
12/12
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MSNBCW
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a lot of them want to govern. i think things can happen quickly in january. >> there is a lot of talk with the gop looking ahead to the debt limit when there will be anything substantial don entitlement reform and things of that nature. and how worries are you that we could see a repeat of the possible down great of the u.s. createit rating? >> i'm concerned about it. we reached the debt limit, but tricks we can play to keep the government operating. that looks like no more than 60 days. it's an arbitrary and useless statute. denmark i think is the only other country that has something like that. this would be gamesmanship of the most dangerous kind. i hope nobody is going to play that game. i know the president said he is not going to play that game. if the republicans think they use that as leverage, they do that at their own risk. >> congressman, good luck to the cardinals. take care. >> thank you, luke. >> we are keeping our eye on how the stalemate is playing on wall street and president george hw bush is now
a lot of them want to govern. i think things can happen quickly in january. >> there is a lot of talk with the gop looking ahead to the debt limit when there will be anything substantial don entitlement reform and things of that nature. and how worries are you that we could see a repeat of the possible down great of the u.s. createit rating? >> i'm concerned about it. we reached the debt limit, but tricks we can play to keep the government operating. that looks like no more than 60...
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Dec 27, 2012
12/12
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MSNBCW
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first off, i want to ask you, you say in your series here that the federal government has emerged as one of the most potent factor driving income inequality. what do you mean? >> this has to do with the first story in the series, which is about tax equality. we did find the bush era tax cuts and sort of increased incomes at the top, that was a factor in reducing inequality, so it can be something that the government can do to mitigate. we tried to look at data in our series. we didn't want to be partisan about this. one factor that can help is tax policy, but the broader issue is jobs. people at the top are earning much more than they ever have. >> talks to that point about tax policy, the numbers out there, is it 250,000? is it 400,000? what is the threshold that would help to flatten this issue of income inquaet, be more progressive, perhaps? >> i think it would help to, at the top, to increase the rates. i think there's a need for training. we looked at two states along with washed. we looked at massachusetts and indiana. it's a skills economy. the manufacturing jobs where a high
first off, i want to ask you, you say in your series here that the federal government has emerged as one of the most potent factor driving income inequality. what do you mean? >> this has to do with the first story in the series, which is about tax equality. we did find the bush era tax cuts and sort of increased incomes at the top, that was a factor in reducing inequality, so it can be something that the government can do to mitigate. we tried to look at data in our series. we didn't...
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Dec 27, 2012
12/12
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KPIX
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a farm bill expires at the end of the year meaning the government reverts back to the 63-year-old pricing formula for milk and those costs are passed to you. nogallon of milk is about $3.50
a farm bill expires at the end of the year meaning the government reverts back to the 63-year-old pricing formula for milk and those costs are passed to you. nogallon of milk is about $3.50
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Dec 27, 2012
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CNNW
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the federal government tested toyota. they said it was floor mats or sticky throttle or something like that and i believed the government. >> 7,000 miles later on the day after christmas, she says she was pulling in to a parking spot at a local mall, gently riding the brakes when she says -- well, take a listen. >> the car just lurched forward and hit the cement wall in front of us. >> she jammed on the brakes so hard, she says she strained ligaments in her foot causing massive swelling. when she called the dealership, the salesman insisted she call a toyota company salesman. >> you will not drive this again? >> i will not drive it again. >> toyota never conceded. there was an internal document written in japanese with english translation that shows in one instance during pre-production testing an electronics software problem was discovered. toyota says it has nothing to do with unintended acceleration. other safety experts disagree. drew griffin is here tonight. first a big settlement earlier this month and now this. is
the federal government tested toyota. they said it was floor mats or sticky throttle or something like that and i believed the government. >> 7,000 miles later on the day after christmas, she says she was pulling in to a parking spot at a local mall, gently riding the brakes when she says -- well, take a listen. >> the car just lurched forward and hit the cement wall in front of us. >> she jammed on the brakes so hard, she says she strained ligaments in her foot causing...
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Dec 27, 2012
12/12
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FBC
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one government portion of government borrowing from another portion of government and claiming in the end don't worry, your concerns will be alleviated. stuart: we keep going back to why did young people votes overwhelmingly for this administration to have a second term? was it never pointed out to them that you are going to have to pay in a difficult job environment that is very stretched, you are going to have to pay for medicare, medicaid and social security all of which go to older people? was it never pointed out to them in any way, shape or form war where republicans portrayed as just mean and stingy and hurting people all costs? what is going on here? >> as you and i have discussed republicans have seeded cultural ground especially on college campuses. mitt romney and paul ryan rarely made an appearance and rarely made conservative ideas, free market ideas palatable to younger voters and talk about things, investing in a social security system that won't be around for them. i think we have allowed liberals or conservatives have allowed liberals to take the pop cultural game and
one government portion of government borrowing from another portion of government and claiming in the end don't worry, your concerns will be alleviated. stuart: we keep going back to why did young people votes overwhelmingly for this administration to have a second term? was it never pointed out to them that you are going to have to pay in a difficult job environment that is very stretched, you are going to have to pay for medicare, medicaid and social security all of which go to older people?...
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Dec 28, 2012
12/12
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KTVU
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a sign of what is to come if no fiscal cliff deal is reached and automatic income tax increases and government spending cuts go into effect in four days. meanwhile the president called a top four congressional leaders to meet with them at the white house later today with the hopes they can avoid this potential crisis. and in a somewhat surprising move top republican signaled he might be willing to compromise more on that when i see you next. >>> only on 2 in the north bay search teams are using a new technology to try to find a man who jumped the court me terra creek during a police chase. anthony donaldson was swept away on monday. he jumped into the creek to avoid a drunk driving test. >> really what it is it's the difference between the televisions we had years ago and newer digital tvs we have nowadays. a much sharper, clearer picture. imagery is much more defined than it was before. >> marin county is borrowing the video ray from contra costa county. they bought it from antiterrorism funds. >>> police in vacaville are asking for the public's help in finding a 56-year-old woman who has bee
a sign of what is to come if no fiscal cliff deal is reached and automatic income tax increases and government spending cuts go into effect in four days. meanwhile the president called a top four congressional leaders to meet with them at the white house later today with the hopes they can avoid this potential crisis. and in a somewhat surprising move top republican signaled he might be willing to compromise more on that when i see you next. >>> only on 2 in the north bay search teams...
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Dec 29, 2012
12/12
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KTVU
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. >> reporter: but if lawmakers don't extend the tax bill it reverts to 1949 law when the government not the market controlled prices and the dairy industry wasn't nearly as efficient as today. under those antiquated formulas a gallon of milk now under $4 most places could rise to $6 even $8 retail. >> you think about the fiscal cliff and they talk about, okay we're going to get a deal done and it might not be perfect. but you definitely don't expect the price of milk to double. >> the risk of this happening is quite slim. >> reporter: experts down play the dairy cliff. >> dairy producers would love to get twice as much for their milk but it ain't going to happen for a few months. >> reporter: because they say the agriculture department would stall it until congress finally acts. >> we're definitely concerned and we keep our eyes on the market. >> but for businesses like benton's dependent on dairy, even the thought of a price hike sends shivers. >> are these going to escalate as well? i'm sure. >> reporter: ice crime lovers joked, that gave them a good reason to eat more now. 1849 q
. >> reporter: but if lawmakers don't extend the tax bill it reverts to 1949 law when the government not the market controlled prices and the dairy industry wasn't nearly as efficient as today. under those antiquated formulas a gallon of milk now under $4 most places could rise to $6 even $8 retail. >> you think about the fiscal cliff and they talk about, okay we're going to get a deal done and it might not be perfect. but you definitely don't expect the price of milk to double....
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government. >> so true. we also can look at the difference and say, well, maybe holiday discretionary spending wasn't as strong, but retail spending generally held up okay. maybe not the best sign tore some of the retailers, back up not a reason to completely lose faith in the u.s. consumer. we should point out this disparity we've seen where capital spending, goods for new capital orders have been weak and retail sales have been relatively strong. labor income has held up okay. frankly, when you look at 2013, the outlook for that to continue looks recently good. >> well, sure. and the other thing we'll look forward to is the number on jobless claims. they were back to their prehurricane level suggesting that the labor market hasn't fallen out of bed. there will be an interesting announcement coming out of the irs sometime between now and the end of the year which will be very important. they're going to give guidance to employers on what will be the tax withholding rates for 2013. under the laws, those with
government. >> so true. we also can look at the difference and say, well, maybe holiday discretionary spending wasn't as strong, but retail spending generally held up okay. maybe not the best sign tore some of the retailers, back up not a reason to completely lose faith in the u.s. consumer. we should point out this disparity we've seen where capital spending, goods for new capital orders have been weak and retail sales have been relatively strong. labor income has held up okay. frankly,...